Originally Posted by dave90210

I signed up for this stock market trading community using Pay Pal. I didn't like the format of the guys site and I didn't feel I could make money using his system. I was a paid member for less then 1 day. I asked for my $200 back for the monthly subscription and he said no. He froze my account so I can't login and now I'm out $200.

I filed a complaint with Pay Pal. Since it's not a tangible item I'm afraid they wont be able to do anything. I'm figuring since the guy is dealing with stock market picks I could go to the FTC and file a complaint since he basically stole my money because I pissed him off.

I funded my Pay Pal account transaction with my checking account. I would assume that my money is covered by my bank as well?